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Testing extreme warming and geographical heterogeneity

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  • Gadea Rivas, María Dolores
  • Gonzalo, Jesús
  • Olmo, José

Abstract

Extreme climate events represent a critical climate risk and a global challenge. Understanding the heterogeneity in worldwide temperatures is crucial for predicting future climate change dynamics and guiding effective policy responses. This paper addresses both issues by analyzing the presence of trends in the tail decay of the realized distribution of annual temperatures for eight regions spanning the globe over the period 1960 to 2022. Our empirical findings reveal that extreme warming exhibits heterogeneity across regions and seasons, with a pronounced distinction between the Northern and Southern hemispheres. Importantly, extreme warming predominantly occurs in both hemispheres during the period from June to September.

Suggested Citation

  • Gadea Rivas, María Dolores & Gonzalo, Jesús & Olmo, José, 2024. "Testing extreme warming and geographical heterogeneity," UC3M Working papers. Economics 45023, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:45023
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    Keywords

    Extreme value theor;

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